ISF Limited has formally notified BSE Limited of its exemption from certain corporate governance provisions under SEBI regulations. The company submitted a compliance notification dated April 10, 2026, regarding the non-applicability of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Details

The exemption is granted under Regulation 15(2) of SEBI LODR Regulations, 2015, which provides relief to smaller listed entities from specific corporate governance requirements. According to this provision, companies with paid-up equity share capital not exceeding INR 10 crore and net worth not exceeding INR 25 crore are exempt from compliance with regulations 17 through 27, including Regulation 24A.

Company's Financial Position

ISF Limited's financial metrics as per the last audited financial statement dated March 31, 2025, demonstrate its qualification for the exemption:

Both parameters fall below the specified regulatory thresholds, confirming the company's eligibility for exemption from Regulation 24A compliance.

Impact on Compliance Requirements

As a result of this exemption, ISF Limited is not required to submit the Annual Secretarial Compliance Report mandated under Regulation 24A of SEBI LODR Regulations, 2015. This represents a significant reduction in regulatory compliance burden for the company.

Future Compliance Commitment

The company has provided an undertaking to BSE that it will ensure compliance with Regulation 24A within six months if the provision becomes applicable at a later date. This would occur if the company's paid-up capital or net worth exceeds the specified thresholds in future financial years.

The notification was signed by Anjali Raj, Company Secretary and Compliance Officer, and submitted to BSE Limited for official record. ISF Limited trades on BSE under scrip code 526859.

ISF Limited has submitted a regulatory declaration to BSE Limited confirming that its promoter and promoter group members have maintained clean shareholdings without any encumbrance during the financial year 2025-26. The declaration, filed on April 8, 2026, demonstrates the company's compliance with securities market regulations and commitment to transparent disclosure practices.

Regulatory Compliance Declaration

The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates specific disclosures regarding promoter shareholdings. CEO Vishal Dang digitally signed the declaration, formally confirming that no encumbrance was created on ISF Limited shares held by promoters during the specified period.

Company Information

ISF Limited operates with its registered office located at Khasra No. 10/2, Samalka, New Delhi-110037, while maintaining its corporate office in Noida, Uttar Pradesh. The company is incorporated under CIN L74899DL1988PLC076648 and trades on BSE under scrip code 526859.

Significance of Declaration

This regulatory filing serves multiple purposes in maintaining market transparency and investor confidence. The declaration confirms that promoter shares remain unencumbered, which is crucial information for investors and regulatory authorities monitoring shareholding patterns and potential changes in company control structures.

The filing was also copied to the company's Audit Committee, ensuring internal governance bodies are informed of the regulatory compliance. Such declarations are essential components of corporate governance frameworks and help maintain the integrity of securities markets by providing clear information about promoter shareholding status.